COMPANY NEWS; NUCOR TO BUY MARION STEEL FOR $113 MILLION

Published: April 19, 2005

The Nucor Corporation, a steel producer, agreed yesterday to acquire the assets of the Marion Steel Company for about $113 million to increase sales of steel bars used in construction. Marion's mill in Marion, Ohio, can produce about 400,000 tons a year, Nucor said. Nucor, based in Charlotte, N.C., said it expected the deal to be completed in June. Nucor has increased steel production by 60 percent since 2001, to 19.7 million tons last year, partly by buying bankrupt or idled steel mills.